Market Prediction: After a strong breakout rally, the Nifty 50 decided to take a breather. Today’s session was a classic example of consolidation. The index remained completely range-bound within just 100 points.
As we highlighted in our previous prediction, Nifty took exact support at 24,950 — today’s low was 24,953, validating our data-driven outlook. Such sideways moves often follow big trend days, allowing the market to cool off before the next leg.
There were limited opportunities for intraday option traders today. Market moves in a tight range and premiums eroded due to time decay.
Now for understanding the next move of market, Let’s break down the market data for Market Prediction:
Table of Contents
Market Overview – Slow and Range Bound.
🔍 Nifty 50 Snapshot
| Open | High | Low | Close |
| 25,064.65 | 25,070.00 | 24,953.05 | 25,019.80 |
📊 Market Breadth (Nifty 50)
| ADVANCED | FLAT (<0.25%) | DECLINES |
| 15 | 17 | 18 |
📈 Nifty Movers
| TOP GAINERS | GAIN % | TOP LOOSERS | LOSS % |
| BEL | 3.82 % | BHARTIARTL | – 2.83 % |
| TATACONSUM | 1.99 % | HCLTECH | – 2.06 % |
🏦 Nifty Sectoral Performance
The overall sectoral performance was Flat.
- Nifty Realty: +1.58% (Top Gainer)
- Nifty Pharma: -0.13%
- Nifty IT: -0.85%
- Rest of the sectors ended in green.
🔍 Technical Analysis – Price Holding Firm
Price Action: Nifty continued to hold above 25,000, confirming bullish strength.
Key Levels:
- Support: 24,950-25,000
- Resistance: 25,100 -25,200
RSI Analysis:
- Daily RSI (14): 65, flat
- Hourly RSI: 66, flat
- Note: Flat RSI near high zones often hints at potential trending moves ahead.
📊 Open Interest (OI) Data
- Max Call OI Resistance: 25,100 CE – 63 Lakh
- Max Put OI Support: 25,000 PE – 78.88 Lakh
- Other Key Levels:
- 25,000 CE: 74 Lakh OI
- 25,500 CE: 90 Lakh OI
Conclusion: A tight range between 24,950–25,116 is forming. Breakout from this range will decide the next move.
🧮 OI Build-Up:
| Index | Price Change | OI Change | Build-up |
|---|---|---|---|
| Nifty | +0.01% | +2.36% | Long Buildup |
| Bank Nifty | +0.21% | -2.87% | Short Covering |
| Fin Nifty | -0.01% | +1.94% | Short Buildup |
- Note: Since today is the first day of weekly expiry, OI trends are not yet reliable for trading signal .
🌐 FII & DII Data (will update soon)
FII : Cr. Sell in Cash
DII : Cr. buy in Cash
🧠 Market Prediction & Trade Plan
- If international cues support, a gap-up opening can be seen on Monday.
- Until 25,116 is broken, expect sideways consolidation.
- Support Zone: 24,950 – 25,000
- Bias: Bullish trend remains intact.
- Experts’ View: Most TV analysts are advising to hold long positions.
📘 Key Learning from Today’s Market
- Sideways markets often trap option buyers — stay light in low-volatility setups.
- Respecting support levels like 24,950 helps preserve capital.
- Flat RSI near resistance often precedes explosive moves — keep an eye on breakout levels.
Disclaimer:
This blog post is intended solely for educational purposes. All information shared here is based on publicly available data, news reports, and personal analysis.
We do not provide any buy or sell recommendations. Investment in stock markets is subject to market risks. Always consult with a SEBI-registered financial advisor before making any investment decisions.
The author and this website assume no responsibility for any financial losses. Such losses might occur based on the information provided in this article. They also assume no responsibility for any financial gains.
📣 What’s Your Take?
Do you think ******?
💬 Drop your thoughts in the comment section!